South Eastern Railway Tender

The Bid capacity required in the given tender is related to the variation in quantities of individual items and is also dependent on the Financial Eligibility Criteria, which requires a minimum average annual contractual turnover. For the financial eligibility, the formula is: average of "total contractual payments" in the previous three financial years, as per the audited balance sheet, where the minimum average annual contractual turnover is V/N or 'V' whichever is less; where V= Advertised value of the tender in crores of Rupees N= Number of years prescribed for completion of work for which bids have been invited. However, the exact Bid Capacity required is not specified, but instructions with respect to Bid Capacity will follow as per Railway Board Letter. In case of more than one L-1 bidders, tender may be awarded to tenderer having higher Bid Capacity. The bid capacity can also be inferred in relation to the bid security, which is 2% of the estimated cost of the work for works estimated to cost up to 1 crore, and 2 lakh plus 0.5% of the excess of the estimated cost of work beyond 1 crore for works estimated to cost more than 1 crore. Additionally, the Security Deposit shall be 5% of the contract value, and this can be related to the bid capacity required. Given the contract value is not explicitly mentioned, the exact Bid Security amount cannot be determined. However, for cost of work Rs.200 Lakhs and above: 5% of Rs.200 Lakhs = Rs.10 Lakhs, and for cost of work more than Rs.25 Lakhs but less than Rs.200 Lakhs: 5% of the cost of work (actual amount not specified) can be used to infer the bid capacity required. The bid capacity required in the given tender also involves the variation in quantities of individual items, with specific formulas for calculating the rates for increased quantities. The formulas for calculating the rates for increased quantities are as follows: - For quantities operated in excess of 125% but up to 140% of the agreement quantity, the rate shall be 98% of the rate awarded for that item. - For quantities operated in excess of 140% but up to 150% of the agreement quantity, the rate shall be 96% of the rate awarded for that item. - For quantities operated beyond 150%, the rate shall be 96% of the rate awarded for that item. Additionally, for minor value items, the variation limits and rates are: - Quantities operated up to and including 100% of the agreement quantity shall be paid at the rate awarded for that item. - Quantities operated in excess of 100% but up to 200% of the agreement quantity shall be paid at 98% of the rate awarded for that item. - Variations beyond 200% will be avoided and only permitted in exceptional unavoidable circumstances, and shall be paid at 96% of the rate awarded for that item.